The Shareholder-Director Exchange (SDX)

Creating guidelines for effective shareholder-director engagement

In response to repeated questions from directors about why, how, and when US board directors and investors should engage directly with each other, Tapestry; Cadwalader, Wickersham & Taft; and Teneo Holdings, together with Broadridge Financial Solutions, brought together leading independent directors and influential long-term institutional investors in a working group called the Shareholder-Director Exchange (SDX™). The resulting SDX™ Protocol provides guidance to public company boards and institutional investors on when direct engagement is appropriate and how to make it most valuable.

To read more about SDX™ in the press, please visit:

Investors to Directors, 'Can we Talk?'

A Bold Corporate Proposal: More Talk, Less Action